Question

Cost of Units Completed and in with Ba, 9,000 units, 40% completed Direct materials, 212,000 units $1.3 Direct labor Factory overhead Bal-2 units, 20% completed Cost per equivalent units of $1.30 for Direct Materials and $3.60 for Conversion Costs. To Finished Goods, 207,000 units 275,600 534, 207,820 a. Based on the above data, determine the different costs listed below. If required, 1. Cost of beginning work in process inventory completed this perioc Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest b. 2. Did the production costs change from the preceding period? Yes v MacBook Ai

Answer 1

1)
Beginning work in process balance	$      23,580.00
Conversion costs incurred during period (9000 x (1- 40%) equivalent units × $3.60)	$      19,440.00
Cost of beginning work in process completed during period	$      43,020.00
2)
Cost of beginning work in process.	$      43,020.00
Cost of units started and completed during period = ($1.30 + $3.60) × (207,000 - 9,000)units	$   9,70,200.00
Cost of units transferred to finished goods during period	$ 10,13,220.00
3)
Direct materials ($1.30 × 14000 units)	$      18,200.00
Conversion costs ($3.60 × (14000 x 20% equivalent units)	$      10,080.00
Cost of ending work in process inventory	$      28,280.00
*number of units in work in process inventory at the end of the period = 9000 + 212000 -207000	14000
4)
Cost per unit of beginning work in process completed during period = $43020/9000	$               4.78
b)
Yes. The production costs per unit increased during the current period